Mobile Telecommunications Co KSCP 2016 Annual Report with Sustainability Disclosures
The report outlines Zain Group's operational and financial performance for the fiscal year 2016, during which the company expanded its customer base by 3% to reach 47 million active customers. Despite regional economic and political challenges, Zain generated consolidated revenues of KD 1.1 billion (USD 3.6 billion) and a net income of KD 157 million (USD 519 million). Key milestones included the commercial launch of high-speed 4G LTE services in Sudan and receiving a 15-year license extension for Zain Saudi Arabia. The company also advanced its digital lifestyle provider strategy through strategic investments in smart city consulting firm neXgen, mobility provider FOO, and venture capital fund Colle Capital Partners.
Company: Mobile Telecommunications Co KSCP
Sector: Technology & telecommunications
Country: Kuwait
Year: 2016
Type: Annual Report with Sustainability Disclosures
Pages: 76
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Mobile Telecommunications Co KSCP
Annual Report
The report outlines Zain Group's operational and financial performance for the fiscal year 2016, during which the company expanded its customer base by 3% to reach 47 million active customers. Despite regional economic and political challenges, Zain generated consolidated revenues of KD 1.1 billion (USD 3.6 billion) and a net income of KD 157 million (USD 519 million). Key milestones included the commercial launch of high-speed 4G LTE services in Sudan and receiving a 15-year license extension for Zain Saudi Arabia. The company also advanced its digital lifestyle provider strategy through strategic investments in smart city consulting firm neXgen, mobility provider FOO, and venture capital fund Colle Capital Partners.
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Document Details
Report Year
2016
Reporting Period
Jan 1, 2016 - Dec 31, 2016
Fiscal Year
2016
Published
Feb 19, 2017
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees